Tag Archives: CPEC)

FDI hits 6-month low as concerns over IMF resurface Although Pakistan has stepped up efforts to attract billions of dollars in foreign investment since the current fiscal year began in July 2018, the investment dropped dramatically in January as concerns resurfaced over whether Islamabad was going to the International Monetary Fund (IMF). Foreign direct investment (FDI) dropped to a six-month …

Govt not serious in building dam, top judge tells finance minister Chief Justice of Pakistan Mian Saqib Nisar expressed concerns over the government’s commitment to the construction of the Naj Gaj Dam and its earnestness to resolve the country’s water crisis. During an exchange with Finance Minister Asad Umar on Tuesday while hearing a case, the chief justice remarked that …

Pak-China mutual trade has great potential to grow further Ambassador of China to Pakistan Yao Jing has said that that mutual trade can be enhanced through people to people direct contact. Businessmen of both the countries should play their role to further increase bilateral trade. He said that good trade policies, low rate of taxes, tax incentives and business-friendly environment …

Expanding CPEC The recent visit of Prime Minister Imran Khan to Beijing in the first week of November has further heightened the brotherly relations between Pakistan and China. President Xi Jinping appreciated Prime Minister Khan’s firm resolve to introduce economic and social reforms in Pakistan by following the Chinese practices of incremental reforms and their implementation for achieving development, progress …

NA speaker meets President Rouhani in Tehran, urges multi-dimensional ties Speaker National Assembly of Pakistan Asad Qaiser Sunday called for greater interaction and people-to-people contact in the region for the sake of peace and development. He stressed the need for new synergies of parliamentary and economic cooperation among each other. He expressed these views while talking to President of the …

Federal Minister for Railways Sheikh Rasheed Ahmad on Monday invited a delegation of South Korea to seek business and investment opportunities in Pakistan Railways. While chairing a meeting with the Korean delegation on investment opportunities in Pakistan Railways at the Ministry of Railways, he asked the delegation to look at the possibility of upgrading Main Line-I, II and III projects, …

Economy blues And the beleaguered media Prime Minister Imran Khan is perhaps making a somewhat desperate last minute attempt to escape the gauntlet of the IMF (International Monetary Fund). In his interaction with media owners the other day, discussion was mainly focused on problems faced by the print and electronic media. However he suddenly sprung a surprise by bowling a …

Stakeholders in the loop on Saudi role: Asad Umar Finance Minister Asad Umar on Wednesday dismissed any foul play in the government’s plans to assign Saudi Arabia a role in the China-Pakistan Economic Project (CPEC) and Reko Diq mines, saying the stakeholders have been taken onboard in this regard. “China and Pakistan will guide the course of the future of …

Thar Energy gets $3.9 million investment from Chinese firm China Machinery Engineering Corporation (CMEC) has acquired a 10% stake by investing $3.9 million in Hub Power Company’s (Hubco) subsidiary Thar Energy Limited (TEL) – one of the first domestic coal-fired power projects at Thar coal block-II. With majority shareholding of about 60% in the project, Hubco has established TEL for …

Pakistan invites Saudi Arabia to be CPEC third partner Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain on Thursday said Saudi Arabia was the first major country invited by Pakistan to become a partner in the China-Pakistan Economic Corridor (CPEC). Speaking to the reporters here, Fawad apprised them of Prime Minister Imran Khan’s visit to Saudi Arabia and the …